Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
All of the following are functions of management except
Select one:
a. Controlling
b. Leading
c. Financing
d. Planning
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- low productivity and increased rescheduling costs Consider strong supporting evidence, pros, and cons. Is this solution realistic? Present solutions with detailed justification, using both qualitative and quantitative analysis as justification. What management actions need to take place? How will you go about getting buy-in to implement these actions? How would these actions affect a budget in general? Explain any budget implication that are a direct result of your recommendations.arrow_forwardCalculate Return on assets given that: Profit = 10,000 Inventory = 2,000 Account Receiable = 3000 Cash = 5000 Fixed assets = 10,000 Group of answer choices 50% 60% 70% 80% 55%arrow_forwardBelow is the levels of organizational strategies and the decision-makers 1. Corporate Level: Chief Executive Order 2. Division Level Division President/Executive Vice President 3. Functional Level Finance, Marketing, R&D, Manufacturing, Information Systems and Human Resource Managers 4. Operational Level Plant managers, sales managers, production and department managers Scenario You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs)…arrow_forward
- d iscuss the potential consequences of setting goals that are too ambitious or unrealistic in managementarrow_forward1. Organizational Structures with M&E Functions2. Human Capacity for M&E3. Partnerships for Planning, Coordinating and Managing the M&E System4. M&E frameworks/Logical Framework5. M&E Work Plan and costs6. Communication, Advocacy and Culture for M&E7. Routine Programme Monitoring8. Surveys and Surveillance9. National and Sub-national databases10. Supportive Supervision and Data Auditing11. Evaluation and Research 12. Data Dissemination and UseBased on the 12 components above, kindly assume an organization of your choice and evaluate the Monitoring and evaluation system of the chosen organization by answering the questions below. 1. Which of the 12 components of the M&E System are being applied in your organization and how? 2. Using the 12 components, list the strengths and weaknesses of the M&E System in your organization.3. How can the identified weaknesses be addressed?arrow_forwardSelect 2 and complete the VRIO analysis. Say whether you think each of these is Valuable, Rare, Inimitable, and whether an MBA Program can be Organized to Exploit the given resoruce or capabilitiy. And then provide three sentences providing an explanation for your answer. The remaining six resources that you have to choose among are:Location, Funding (Scholarships or Research), Reputation/Brand, Sports teams, Housing, Programming/Classes.arrow_forward
- All of the following is related to the planning function of management except: O a. Budgeting O b. None of the given answers O c. Establishing goals O d. Performance reports е. Future orientedarrow_forwardSetting financial objectives financial objectives are part of setting strategy , chapter 2 includes the following financial objectives , except a. option A. percent return on capital. option B . A percent increase in revenue . option C .Acquire x number of new employees. option D . internal cash flows Only typing answer Please explain step by steparrow_forwardBelow is the levels of organizational strategies and the decision-makers 1. Corporate Level: Chief Executive Order 2. Division Level Division President/Executive Vice President 3. Functional Level Finance, Marketing, R&D, Manufacturing, Information Systems and Human Resource Managers 4. Operational Level Plant managers, sales managers, production and department managers Scenario You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs)…arrow_forward
- You are a manager, and your direct report is complaining about not being involved in the planningprocess. How do you respond?arrow_forwardTempo Company's fixed budget (based on sales of 16,000 units) folllows. Please help Fixed Budget Sales (16,000 units \times $215 per unit) 3,440,000 Costs Direct materials 400,000 Direct labor 672,000 Indirect materials 416,000 Supervisor salary 200,000 Sales commissions 112,000 Shipping 240,000 Administrative salaries 250,000 Depreciation-Office equipment 220,000 Insurance 190,000 Office rent 200,000 Income 540,000 Compute total variable cost per unit.? Compute total fixed costs.? Prepare a flexible budget at activity levels of 14,000 units and 18,000 units.arrow_forwardbusiness math last three solutionsarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON